Owner Financing is Available!
Business Overview:
This completely remodeled Laundromat at only 3 months old presently doing $6,100 weekly will within anticipated annual projection go to $7,600 weekly. Laundromats as a rule top out at the end of 3rd year. Present owner would give extended due diligence period. Present facilities in food mall setting with plenty of parking and walk traffic. Equipment 96 machines all continental 10 years old and recently revamped. Card System In Place. 48 washers: 8-55LB. 20-35LB, 20-18LB. Has 48 dryers 30LB put in. Past owner mismanaged place and let it deteriorate. New owner before takeover completely cleaned up interior. Any owner operator could easily increase sales; has good long term lease (20 years). Place appears to be brand new. TV’s and Laundromat, furniture galore. Excellent spot to place NJ Lottery. Rent includes CAM and taxes $1,017 monthly. Semi absentee.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Large 4,000 square feet facility, machines in good operating condition. New boiler, set on food mall with excessive parking – new appearance to Laundromat since items recently refurbished 3 months ago.
Market Competition and Expansion:
Competition - Not too many Laundromats in the area –the existing centers are all smaller
Expansion - Time and owner manager can easily bring this specific spot to a cash flow of over $200,000 annually
Reason for Selling:
Owner wants to flip it and make profit
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: